Petix & Botte Co Trims Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Petix & Botte Co decreased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,339 shares of the company’s stock after selling 625 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up about 1.1% of Petix & Botte Co’s holdings, making the stock its 28th largest position. Petix & Botte Co’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in USMV. Symphony Financial Services Inc. raised its position in iShares MSCI USA Min Vol Factor ETF by 7.6% in the 2nd quarter. Symphony Financial Services Inc. now owns 20,864 shares of the company’s stock valued at $1,958,000 after purchasing an additional 1,467 shares during the last quarter. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth $59,000. Wealth Alliance LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 4.2% in the 2nd quarter. Wealth Alliance LLC now owns 5,335 shares of the company’s stock valued at $501,000 after buying an additional 213 shares during the last quarter. Verus Capital Partners LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 5.6% during the 2nd quarter. Verus Capital Partners LLC now owns 119,540 shares of the company’s stock worth $11,221,000 after buying an additional 6,366 shares during the last quarter. Finally, Ibex Wealth Advisors boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 37.3% in the second quarter. Ibex Wealth Advisors now owns 84,804 shares of the company’s stock valued at $7,961,000 after acquiring an additional 23,033 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.6%

Shares of BATS:USMV opened at $94.51 on Thursday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12. The company has a 50-day moving average price of $94.11 and a 200 day moving average price of $93.48. The company has a market cap of $24.12 billion, a P/E ratio of 22.90 and a beta of 0.72.

About iShares MSCI USA Min Vol Factor ETF

The iShares MSCI USA Min Vol Factor ETF (USMV) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility (USD) index. The fund tracks an index of US-listed firms selected and weighted to create a low-volatility portfolio subject to various constraints. USMV was launched on Oct 18, 2011 and is managed by BlackRock.